12-11-2015, 10:28 PM
Goldman expects that global economic growth will accelerate in the year ahead, rising to 3.5% from 3.2% in 2015 on the back of "stabilisation of hard-hit EM economies and a small acceleration in Europe and Japan." For the US, still the world's largest economy, growth is predicted to slow to 2.3% from 2.5%. China, closing in on the top spot despite roiling markets for much of 2015, the bank expects growth will slow to 6.4%, down from the 6.9% level likely to be achieved this year.
Goldman Sachs 2016 outlook - Business Insider
One of Wall Street's most beloved theories of how equities can thrive amid the end of the decadeslong bull market in bonds has been way overblown, according to Goldman Sachs. "We believe rising interest rates in the U.S. will have a limited impact on overall asset allocation between equities and bonds," wrote David Kostin, chief U.S. equity strategist at Goldman Sachs. In other words, the 'Great Rotation' that many strategists have long been calling for, in which funds flow from fixed income to stocks as yields rise, won't be a game-changer.
Goldman Sachs: There's Nothing Great About 'The Great Rotation' - Bloomberg Business
As corporate America engages in an unprecedented buyback binge, soaring CEO pay tied to short-term performance measures like EPS is prompting criticism that executives are using stock repurchases to enrich themselves at the expense of long-term corporate health, capital investment and employment.
Special Report: Buybacks enrich the bosses even when business sags | Reuters
The editorial in the latest Red News, United’s oldest fanzine, puts it another way. “It felt like the players would run through a brick wall for [Sir Alex] Ferguson. With Van Gaal, it feels like the players are running into one and we, the fans, are watching one for 90 minutes.”
In keeping with a preliminary report posted over the summer, NHTSA says that the total number of traffic fatalities dipped slightly in 2014, falling from 32,719 in 2013 to 32,675 last year. That in itself is encouraging, but the 44 fewer deaths recorded in 2014 don't tell the entire story.